Net profit plummeted 376.40%, Guangdong Ganhua lost 283 million in 2017
On the evening of the 23rd, Guangdong Ganhua disclosed its 2017 annual report. The company achieved a total operating income of 475 million yuan, a year-on-year increase of 0.37%; the net profit attributable to shareholders of listed companies was 283 million yuan, a sharp drop of 376.40% over the same period of the previous year.
For the reason of the loss, Guangdong Ganhua’s previous announcement explained that it was mainly due to the fact that Deli Optoelectronics Co., Ltd., a wholly-owned subsidiary, had to make a large amount of asset impairment provision and a significant decrease in land disposal income (before tax) due to the equity public listing transfer. . According to the announcement of the proposed provision for impairment of assets issued by Guangdong Ganhua, the provision for impairment of Deli Optoelectronics equipment was 302 million yuan, and the provision for impairment of buildings and buildings was 7.71 million yuan.
In 2013, after Guangdong Ganhua completed its non-public offering, its main business was transformed from the original sugar industry, pulp and paper industry and biochemical industry to LED industry, biochemical industry and sugar paper trade. According to the product category, the revenue of LED products reached 104,048,200 yuan in 2017, an increase of 64.40% over the same period of the previous year.
According to the announcement, Deli Optoelectronics achieved operating income of 107 million yuan in 2017 and net profit of -35,451,900 yuan. Since its establishment and commissioning, Deli Optoelectronics has not been as good as its operating efficiency. With the intensified competition in the LED industry, the operating environment faced by small and medium-sized manufacturers has become increasingly difficult. The operating performance of Deli Optoelectronics has caused a heavy burden on the company's financial position.
At the same time, the company has clarified the development strategy of industrial transformation, and Deli Optoelectronics cannot produce synergies with the company's strategic planning. In order to enhance the profitability of listed companies in the following year, the company sold Deli Optoelectronics, recycling funds, focusing on industrial transformation. In the end, Hangzhou Delixi became the transferee of Deli Optoelectronics' equity and related creditor's rights transfer, and on February 11, 2018, completed the industrial and commercial change registration procedures for the above transfer.
ZGAR GenkiIppai Pods 5.0
ZGAR electronic cigarette uses high-tech R&D, food grade disposable pod device and high-quality raw material. All package designs are Original IP. Our designer team is from Hong Kong. We have very high requirements for product quality, flavors taste and packaging design. The E-liquid is imported, materials are food grade, and assembly plant is medical-grade dust-free workshops.
From production to packaging, the whole system of tracking, efficient and orderly process, achieving daily efficient output. WEIKA pays attention to the details of each process control. The first class dust-free production workshop has passed the GMP food and drug production standard certification, ensuring quality and safety. We choose the products with a traceability system, which can not only effectively track and trace all kinds of data, but also ensure good product quality.
We offer best price, high quality Pods, Pods Touch Screen, Empty Pod System, Pod Vape, Disposable Pod device, E-cigar, Vape Pods to all over the world.
Much Better Vaping Experience!
Pods, Vape Pods, Empty Pod System Vape,Disposable Pod Vape Systems, Japanese culture style
ZGAR INTERNATIONAL(HK)CO., LIMITED , https://www.zgarecigarette.com